the future of Ocean Transport...bigger and better yet!
Top Contributor: R C | Created when NASDAQ:OCNF was $1.38 | Edit | History
Growth in Emerging Markets, particularly China, will more than make up for the loss in transport involving the "languishing" U.S. and European economies and stock markets.
China is not just "temporarily" stockpiling commodities because they are for the time being cheap, they are expanding and growing a domestic consumer based economy. They are pushing towards equaling and surpassing both the U.S. and Europe as a giant supernation.
Since, in many cases they are building entire NEW CITIES, and INDUSTRIAL CENTERS, this will more than makeup for the decline in transport involving the U.S. and Europe, which was more an activity of maintenance of already existing cities and industrial centers.
Think how the U.S. developed west of the Mississippi in the 19th/20th centuries. Denver, Los Angeles, Phoenix, Seattle, Portland and others are all new huge cities. This growth requires more goods than just the maintenance and supplying of the smaller needs of New York City and Boston.